Moderation in unsecured loan growth satisfactory: RBI Governor Malhotra

Quick Summary:

As a result, personal loan growth moderated to 12 per cent in December 2024 from 28.4 per cent in December 2023.

Bank finance, which used to be about less than 30 per cent, had gone almost close to 46–47 per cent of their balance sheet as a result.

In parallel, bank credit to NBFCs declined from 15 per cent to 6.7 per cent during the same period.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Unsecured lending RBI RBI Governor Finance sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 17:11:00 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25960564

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